National Instruments (NATI) Releases Q1 Earnings Guidance

National Instruments (NASDAQ:NATI) issued an update on its first quarter earnings guidance on Tuesday morning. The company provided EPS guidance of $0.19-$0.33 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.25. The company issued revenue guidance of $305-$335 million, compared to the consensus revenue estimate of $317.88 million.

NATI has been the subject of several research reports. Stifel Nicolaus restated a buy rating and issued a $46.00 price objective on shares of National Instruments in a research note on Sunday, October 29th. BidaskClub lowered shares of National Instruments from a sell rating to a strong sell rating in a research report on Saturday, December 16th. Zacks Investment Research raised shares of National Instruments from a hold rating to a buy rating and set a $47.00 target price on the stock in a research report on Thursday, December 28th. Finally, Robert W. Baird reissued a buy rating on shares of National Instruments in a report on Wednesday, January 31st. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. National Instruments currently has a consensus rating of Buy and an average target price of $46.67.

National Instruments (NATI) traded up $0.66 during trading on Wednesday, reaching $47.49. 491,700 shares of the company’s stock were exchanged, compared to its average volume of 573,180. The company has a current ratio of 3.32, a quick ratio of 2.64 and a debt-to-equity ratio of 0.01. National Instruments has a 52 week low of $31.39 and a 52 week high of $50.61. The firm has a market cap of $6,122.79, a P/E ratio of 118.73 and a beta of 1.03.

National Instruments (NASDAQ:NATI) last released its earnings results on Tuesday, January 30th. The technology company reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.01. The company had revenue of $349.80 million for the quarter, compared to the consensus estimate of $347.38 million. National Instruments had a net margin of 4.06% and a return on equity of 10.76%. The company’s revenue was up 6.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.34 EPS. research analysts expect that National Instruments will post 1.19 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, March 5th. Stockholders of record on Monday, February 12th will be paid a $0.23 dividend. The ex-dividend date is Friday, February 9th. This is a boost from National Instruments’s previous quarterly dividend of $0.21. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.94%. National Instruments’s dividend payout ratio is 230.01%.

In other news, CEO Alexander M. Davern sold 11,925 shares of the firm’s stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $50.31, for a total transaction of $599,946.75. Following the completion of the transaction, the chief executive officer now directly owns 114,938 shares of the company’s stock, valued at approximately $5,782,530.78. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Duy Loan T. Le purchased 1,900 shares of the firm’s stock in a transaction dated Thursday, February 8th. The shares were acquired at an average cost of $46.56 per share, with a total value of $88,464.00. Following the completion of the purchase, the director now directly owns 89,666 shares in the company, valued at $4,174,848.96. The disclosure for this purchase can be found here. Over the last ninety days, insiders sold 79,271 shares of company stock valued at $3,555,254. 9.92% of the stock is currently owned by company insiders.

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National Instruments Company Profile

National Instruments Corporation (NI) designs, manufactures and sells systems to engineers and scientists. The Company offers a line of measurement, automation and control products. It offers products, technology and services, which include system design software, programming tools, application software, modular hardware products and related driver software, production test systems, NI education platform, software products for teaching and hardware products for teaching.

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